PREMIER BANK Failed 1993

NORTHRIDGE, CA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

PREMIER BANK of NORTHRIDGE, CA was closed on 1993-04-08. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to TRANS-WORLD BANK (SHERMAN OAKS, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3449
FDIC Certificate
23581
FDIC FIN
4573
Bank name
PREMIER BANK
Location
NORTHRIDGE, CA
Failure date
1993-04-08
FDIC resolution date
1993-04-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Payout / Insured deposits — FDIC paid insured deposits directly to depositors
FDIC DIF cost (est.)
$9M
Deposits at failure
$70M
Assets at failure
$73M
Acquiring bank
TRANS-WORLD BANK (SHERMAN OAKS, CA)